Civil Law Act (Cap. 43): Primary legislation governing contract law in Singapore, incorporating English common law principles including fundamental contract formation requirements (offer, acceptance, consideration, intention)
Moneylenders Act (Cap. 188): Regulates money lending transactions and sets maximum interest rates for loans, crucial for structuring payment terms and late payment charges
Late Payment Act 2012: Provides guidelines for late payment interest and charges in commercial transactions
Banking Act (Cap. 19): Relevant when financial institutions are involved in the delayed payment arrangement, setting out regulatory requirements
Limitation Act (Cap. 163): Sets time limits for bringing claims, specifically 6-year limitation period for contractual debts
Consumer Protection (Fair Trading) Act: Ensures fair trading practices and consumer protection in commercial transactions involving consumers
Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and protects against unreasonable contract conditions
Bankruptcy Act (Cap. 20): Governs bankruptcy proceedings and provides protection measures for both creditors and debtors
Companies Act (Cap. 50): Relevant for corporate entities, including provisions on corporate insolvency and debt arrangements
Stamp Duties Act (Cap. 312): Stipulates requirements for document stamping and applicable duties on certain types of agreements
